Cyberattacks are increasing at an alarming rate, with a global spike of 105% in ransomware attacks alone in 2021 across all industries, with the health care industry experiencing a 755% increase in overall activity by cybercriminals. Data breaches are becoming increasingly common, with large enterprises such as Solar Winds and others making headline news. As a small business, you may be tempted to breathe a sigh of relief, thinking that you are too insignificant to warrant attention from hackers.
Many small business accounting departments still use manual data entry to input orders and inventory into spreadsheet programs or accounting software. But relying upon this technique is a detriment to financial health on several levels. In fact, lost data or incorrect data can cost businesses hundreds, thousands, or even millions of dollars in the long run.
There is a lot of emphasis on digital transformation among today’s small- and medium-sized businesses (SMBs) that are looking for a competitive edge.
That’s because affordable transformative technologies like multi-function devices (MFPs) can contribute to better workplace efficiencies, more streamlined workflows, and enhanced connectivity.